The markets are forming outside days, let's see what that has led to into the close. An outside day occurs when the prior day low and high are both taken out in the current day range.
Day - Thursday
Opening Gap Direction - N/A
Market Status - Strong GDP report has produced a rally
Instrument - ES, RTY, NQ, YM
Trading SetUp - Time Based Entry
Market Trend - Weak Bull
Trade Type - Long
Entry - 3:15 pm ET
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies are done going long using Future Indices. This is done for several reasons; so you can easily compare different studies/tests, and because of the high correlation of these Indices to other instruments. Make your comments and ask your questions below.
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